TikTok begins to consider its sale Atomics

After years of debate and legal battles, a law was passed yesterday to ban it tick tock In the US however, if ByteDance, the company behind the platform, is able to sell the social network in less than nine months, users in this country will still be able to enjoy what we get here. Unfortunately for some, It seems that it will be more complicated than it seems.

If ByteDance fails to complete the purchase of TikTok from a US company, the application will no longer be available in this country. In this regard, the Chinese company has indicated that this decision is unconstitutional, and they plan to challenge the result in court. Although they haven’t issued an official statement at this point, a new report has revealed that the company is already considering selling the platform, However, there are several important limitations.

In the beginning, ByteDance does not plan to sell the recommendation algorithm. This is, without a doubt, the most interesting thing about TikTok, and has been identified as a major reason for the app’s billion-dollar valuation. However, without the algorithm, some interested parties would no longer wish to acquire this platform.

The second important point is that ByteDance does not want to sell TikTok to companies in the tech sector, which significantly reduces your disposal options. Although there is no official statement from the company at the moment, everything indicates that it will face several problems in finding a good buyer.

Let’s note that ByteDance has a nine-month deadline to sell TikTok to a US company, which can be extended up to a year. If the purchase cannot be completed within the specified time, The social network will no longer be available in this country, affecting more than 170 million users On a related note, you can learn more about TikTok bans here. Likewise, TikTok will no longer pay frequent users.

Author’s Note:

It’s a tough time for TikTok. Not selling algorithms is, arguably, the company’s biggest commitment, and it’s likely that many of the buyers who were interested will abandon all negotiations with ByteDance.

Through: Information